Ford reportedly cutting F-150 Lightning production next year
Ford Motor Co. will reportedly soon reduce the number of F-150 Lightning electric pickup trucks it builds on average every week.
John Lawler latest news
Report: Ford Slashing F-150 Lightning Production By Half
Ford has seen more ups and downs with the F-150 Lightning than with almost any other product in recent memory. The automaker struggled to keep pace with early demand and even had to temporarily shutter production to deal with battery issues before announcing a ramp-up to push more trucks to market. Now, it appears the Blue Oval is pumping the brakes on that expansion, as Automotive News reported a recent memo to suppliers previews a somewhat slower year ahead.
Ford Leans on Hybrids; GM Banks on EV Profitability
John Lawler and Paul Jacobson, chief financial officers, respectively, of the Ford Motor Company and General Motors, agree the US market will buy about 16 million new vehicles next year. Their companies are on different paths toward the electric-vehicle revolution. Each spoke individually before the Barclays Global Automotive and Mobility Tech Conference in New York this week. Jacobson repeated much of what he and CEO Mary Barra presented in Wednesday’s GM business update, but with more detail. GM’s Barra Is Disappointed with 2023 EV Production Jacobson said he expects “spending on Cruise (automated vehicles) will be significantly lower than what it was in 2023.” Scaling back autonomous-vehicle programs may be another subject on which the two companies agree. Lawler said Ford “was sinking $1 billion per year” into Level 4 autonomous development when it dropped Argo AI last year to concentrate instead on Level 2+ and Level 3 technology, and “
Ford says UAW strike cost company $1.7 billion in lost profits
The United Auto Workers union's weekslong strike against Ford Motor Company cost the automaker $1.7 billion, and the added costs from the new contract reached to end the work stoppages will cost more than five times that amount, according to the automaker.
UAW strike lost Ford 100,000 sales and cost $1.7 billion in lost profits
DETROIT — A six-week United Auto Workers strike at Ford cut sales by about 100,000 vehicles and cost the company $1.7 billion in lost profits this year, the automaker said Thursday.
Autoworkers strike cut Ford sales by 100,000 vehicles, cost company $1.7B in profits
DETROIT -- A six-week United Auto Workers strike at Ford cut sales by about 100,000 vehicles and cost the company $1.7 billion in lost profits this year, the automaker said Thursday.
Ford delays factory investment as electric car demand cools
Yesterday Ford confirmed it was delaying around US$12 billion ($19 billion) in electric vehicle (EV) investment due less-than-expected demand.
Ford Misses Analyst Expectations, Says New UAW Deal Raising Costs
Ford Motor Co. reported it was profitable during the third quarter, unlike last year, but its bottom line is going to be crimped for the next few years. The company’s Q3 revenue was $43.8 billion, up 11% year-over-year – a net income of $1.2 billion reversed last year’s Q3 net loss of $827 million. Adjusted earnings before interest and taxes, or EBIT, for the quarter this year increased to $2.2 billion.